Property type: Residential -Single Family/Site Condo
Annual taxes: $1,118
Buyer Possession: At Closing
Year built: 1925
Above Grade Square Footage: 1,080
Lot Size: (frontage x depth): 50x125
School District: Hillsborough High School
Marcus & Millichap is pleased to introduce the opportunity to acquire Violet Place; a charming duplex property located within Tampa, Florida’s original suburb, Seminole Heights, just 3 miles north of downtown and 4 miles east of the Westshore Business District. This 1920’s vintage asset features a single, two-story building with one unit upstairs and one unit downstairs. The front of the lot features private, off-street parking, a prominent rock lined pathway back to the building, lush ornamental grass landscaping and a nice oak tree shade canopy. The back of the property features a common patio with table and chairs which is perfect for entertaining. Residents enjoy the quite seclusion, private, off-street parking, a back balcony, historic architecture and interior unit appointments as direct proximity to some of the top restaurants and craft breweries in the region including award winning establishments such as The Refinery, Rooster & the Till and Ichicoro Ramen as well as short commutes to major employment centers, universities, hospitals concert and sporting venues, shopping and nightlife. The unit mix consists of two one-bedroom apartments with an average apartment size of 540 square feet. Both units have hardwood floors, large windows, open kitchens with butcher block counters and stainless steel shelving and a well thought-out blend of both modern conveniences along with old historical touches. The asset is rented at an average of $900 per month or $1.67 per square foot which compares with the new construction coming into the neighborhood which will be closer to $2.00 per square foot. Violet Place is a charming little duplex which is tucked away from the street down a pathway of grasses and flowers as if it were a destination. Both units have hardwood floors and open eat-in kitchens with butcher block counters and stainless steel shelving. The upper unit has its own small porch just big enough for a bistro set to enjoy coffee or tea and there is also a shared, paved patio in the rear perfect for grilling outside or gathering with friends. The property will also qualify for residential, 30-year fixed rate financing making it a perfect opportunity for a small investor looking to gain a foothold in one of Tampa’s hottest emerging markets.